Total Rewards Group 1 Pretest
Please answer each question to the best of your ability.
- 1.Which of the following is an aspect of performance feedback?
- A.
Cost reduction
- B.
360 degree feedback
- C.
401K
- D.
All of the above are examples of performance feedback
- E.
None of the above are examples of performance feedback
- 2.Which of the following is NOT an example of types of rewards?
- A.
Cash Rewards
- B.
Gift Certificates
- C.
Bonuses
- D.
Corruption
- E.
All of the above are examples of types of rewards
- 3.Which of the following is NOT an aspect of performance feedback?
- A.
Appraise the employee’s goal directed behavior
- B.
Meets psychological need for appreciation
- C.
Reward the employee
- D.
360 degree feedback
- E.
All of the following are aspects of performance feedback
- 4.Which of the following is an aspect of performance planning?
- A.
Clear goals
- B.
Cost Reductions
- C.
Total Quality Management
- D.
Being aware of company value and wants
- E.
All of the following are aspects of performance planning
- 5.Which of the following is not true about merit raises?
- A.
Merit raises will not serve to motivate employees when they are seen as entitlements, which occurs when these raises are given yearly without regard to changes in employee performance.
- B.
Merit raises are not motivational when they are given because of seniority or favoritism or when merit budgets are inadequate to sufficiently reward employee performance.
- C.
To be motivational, merit raises must be such that employees see a clear relationship between pay and performance, and the salary increase must be large enough to exceed inflation and higher income taxes.
- D.
All of the above are true about merit raises
- 6.The best definition of a bonus is...
- A.
A compensation plan that includes a straight salary and a commission
- B.
An incentive payment that is supplemental to the base wage
- C.
Guidelines for awarding merit raises that are tied to performance objectives
- D.
A bonus incentive plan using employee and management committees to gain cost-reduction improvements
- E.
An incentive plan under which employees receive a certain rate for each unit produced
- 7.The best definition for profit sharing is..
- A.
An incentive plan under which employees receive a certain rate for each unit produced
- B.
A bonus incentive plan using employee and management committees to gain cost-reduction improvements
- C.
Any procedure by which an employer pays, or makes available to all regular employees, in addition to base pay, special current or deferred sums based on the profits of the enterprise
- D.
A compensation plan that includes a straight salary and a commission
- E.
Special nonmonetary benefits given to executives; often referred to as perks
- 8.What is the title of our topic?
- A.
Total Rewards
- B.
Management
- C.
Business
- D.
Human Resources
- E.
None of the above
- 9.Which of the following is not an aspect of general performance?
- A.
Measurement is key
- B.
Develop employee skills and capabilities
- C.
Incentives to encourage employees
- D.
Personal opinions
- E.
All of the above are aspects of general performance
- 10.True or false The success of an incentive pay plan depends on the organizational climate in which it must operate, employee confidence in it, and its suitability to employee and organizational needs
- A.
True
- B.
False
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